CPOPC Welcomes Papua New Guinea As Its Fourth Member Country
KUALA LUMPUR, Jan 2 (Bernama) -- The Council of Palm Oil Producing Countries (CPOPC) has welcomed Papua New Guinea as its fourth member country, according to a statement from the CPOPC.
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Ringgit Closes Lower On Continuous Demand For Greenback
KUALA LUMPUR, Jan 2 (Bernama) -- The ringgit finished lower against the US dollar on the first trading day of the year on continuous demand for the greenback due to concerns over the US Federal Reserve’s (Fed) potential decision to cut interest rates in 2025.
Rubber Market Closes Lower In Line With Regional Futures Market
KUALA LUMPUR, Jan 2 (Bernama) -- The local rubber market closed lower on Thursday, in tandem with the downtrend in the regional rubber futures market due to the impact of US economic policies, said a dealer.
Port Of Tanjung Pelepas Is Malaysia's First Container Terminal To Surpass 12 Mln TEUs Throughput
KUALA LUMPUR, Jan 2 (Bernama) -- MMC Corporation Bhd’s 70 per cent-owned unit, Port of Tanjung Pelepas (PTP), has become the first container terminal in Malaysia to handle over 12.25 million twenty-foot equivalent units (TEUs) in a single year in 2024.
APEC Returns To South Korea After 20 Years, To Zero In On Innovation, Digitalisation, Sustainability
KUALA LUMPUR, Jan 2 (Bernama) -- South Korea, which will be hosting the Asia-Pacific Economic Cooperation (APEC) this year for the first time in 20 years, will focus on innovation, digitalisation and sustainability.
November 2024 Air Passenger Traffic Reaches 8.0 Mln, Robust 15.8 Pct Y-o-y Increase - MAVCOM
KUALA LUMPUR, Jan 2 (Bernama) -- Malaysia’s aviation sector has been seeing sustained recovery and growth, with air passenger traffic reaching 8.0 million passengers in November 2024, marking a robust 15.8 per cent year-on-year (y-o-y) increase compared to November 2023.
KSI Forecasts Malaysia's Economic Growth At 4.9 Pct For 2025
KUALA LUMPUR, Jan 2 (Bernama) -- Malaysia's economic growth is expected to moderate to 4.9 per cent in 2025, slightly above the official target range of 4.5 per cent to 5.5 per cent, taking into account the impact of domestic policies and external challenges, said KSI Strategic Institute for Asia Pacific (KSI).
Singapore Economy Grows 4.3 Pct In 4q 2024 – MTI
SINGAPORE, Jan 2 (Bernama) -- Singapore's economy grew by 4.3 per cent year-on-year (y-o-y) in the fourth quarter of 2024 (4Q 2024), slower than the 5.4 per cent expansion in the previous quarter, according to advance estimates from the Ministry of Trade and Industry (MTI).
Malaysia's Economic Momentum To Continue Into 2025, GDP To Grow 6 Pct
By Nurul Jannah Kamaruddin and Nurunnasihah Ahmad Rashid
KUALA LUMPUR, Jan 1 (Bernama) -- Building on its strong economic performance in 2024, Malaysia is poised to maintain its growth momentum into 2025, with the gross domestic product (GDP) projected to expand by up to 6.0 per cent, said an economist.
Ringgit Closes Out 2024 As Top Performer Among Major Asian Currencies
By Norsyafawati Ab Wahab
KUALA LUMPUR, Dec 31 (Bernama) -- The ringgit emerged as the best-performing currency in Asia in 2024, standing out among major regional peers amid a challenging global economic landscape.
Ringgit Closes Lower AS Greenback Demand Rises Amid Global Uncertainties
By Zufazlin Baharuddin
KUALA LUMPUR, Dec 31 (Bernama) -- The ringgit closed lower against the US dollar on the last trading day of 2024 on rising demand for the safe-haven currency amid ongoing global economic uncertainties.
Penang Records RM22.6 Bln Approved Investments Up To 3Q 2024
GEORGE TOWN, Dec 31 (Bernama) -- Penang has attracted an impressive investment inflow in the industrial sector this year, with approved investments up to the third quarter (3Q) hitting RM22.6 billion.